Insider Sale: Xos, Inc. (NASDAQ: XOS) CTO Sells 50,000 Shares

Xos, Inc. (NASDAQ: XOSGet a rating) CTO Robert Ferber sold 50,000 shares in a trade dated Friday, July 1. The shares were sold at an average price of $1.79, for a total value of $89,500.00. Following the completion of the transaction, the CTO now directly owns 377,971 shares of the company, valued at approximately $676,568.09. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink.

Shares of NASDAQ XOS opened at $2.21 on Friday. Xos, Inc. has a 12-month low of $1.70 and a 12-month high of $9.99. The company has a 50-day simple moving average of $2.49 and a 200-day simple moving average of $2.59.

XOS (NASDAQ: XOSGet a rating) last released its quarterly earnings data on Thursday, May 5. The company reported ($0.13) EPS for the quarter, missing analyst consensus estimates of ($0.12) by ($0.01). The company posted revenue of $7.03 million for the quarter, versus $5.40 million expected by analysts. On average, stock analysts expect Xos, Inc. to post -0.5 EPS for the current year.

Separately, Northland Securities began covering XOS shares in a research report on Friday, June 3. They set an “outperform” rating and a price target of $5.00 for the company. One equity research analyst assigned the stock a sell rating, one assigned a hold rating and four assigned the company’s stock a buy rating. According to data from MarketBeat, XOS currently has an average rating of “Moderate Buy” and an average price target of $8.29.

A number of institutional investors have recently increased or reduced their stake in XOS. Citigroup Inc. acquired a new position in XOS in the first quarter worth $31,000. Bank of America Corp DE bought a new stake in XOS in the first quarter worth about $41,000. Rafferty Asset Management LLC purchased a new stake in XOS in the fourth quarter worth approximately $70,000. Bank of New York Mellon Corp bought a new stake in XOS in the first quarter worth about $83,000. Finally, Squarepoint Ops LLC purchased a new stake in XOS in the third quarter worth approximately $94,000. 12.07% of the shares are held by hedge funds and other institutional investors.

XOS Company Profile (Get a rating)

Xos, Inc., a mobility solutions company, manufactures and sells battery electric utility vehicles. It offers a range of services to facilitate the transition of fleets to electric vehicles, including charging infrastructure, vehicle maintenance, financing and service. The company was founded in 2020 and is headquartered in Los Angeles, California.

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